Bank of America
Company and Financial Services Company
BofA moves to take control of Mastro building in FremontOriginally published Saturday, November 21, 2009 at 12:12 AM BofA moves to take control of Mastro building in Fremont Bank of America moved this week to foreclose on one of bankrupt real-estate magnate Michael R. Mastro's most valuable... In this article: Bank of America, Bankruptcy, Pierce County, Bonney Lake, and Seattle |
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Reuters | 19 hours ago
Bank of America hires Flanagan to head mortgage/ABS research
Bank of America Merrill Lynch said it hired Chris Flanagan to head its U.S. mortgage and structured finance research group. Flanagan will be responsible for the strategy and development of the firm's research product, analytics and...
In this article: Structured finance, Merrill Lynch, Jpmorgan Chase, and U.S.
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UPDATE 2-Analyst Bove says BofA's Lewis may be back as CEO
...good choice * Idea met with resistance among some investors (Adds byline, background, recasts) By Joe Rauch Bank of America Corp's <BAC.N> chief executive, scheduled to retire at year-end, could gain enough support from shareholders to...
In this article: Bank of America Corp, Merrill Lynch & Co, and Citigroup Inc
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CORRECTED - UPDATE 1-BofA markets $460 mln Fortress CMBS without Fed aid
Corrects Nov. 19 story to show that five year maturity is TALF loan limit, not commercial loan limit) By Al Yoon Bank of America Corp is preparing to sell a $460 million commercial mortgage-backed security next month after the first new...
In this article: Bank of America Corp, The Fed, Developers Diversified Realty Corp, Recession, Florida East Coast Industries, United Nations Federal Credit Union, and Fortress Investment Group
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washingtonpost.com | 3 days ago
BofA knew of Merrill pain in November: House panel
WASHINGTON (Reuters) - A congressional panel accused Bank of America Corp <BAC.N> on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth...
In this article: Bank of America Corp, Material adverse change, FleetBoston Financial Corp, and Washington
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AP Online | 3 days ago
Dems, Republicans at odds over BofA, Merrill deal
...by analysts to be a leading candidate to replace Lewis. Lewis came under even fiercer attack after Merrill, with the knowledge of BofA executives, gave $3.6 billion in bonuses to its employees even as the government was doling out more...
In this article: Ken Lewis, Securities and Exchange Commission, House Oversight and Government Reform Committee, Edolphus Towns, Tim Geithner, and Merrill Lynch
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Ex-BofA exec says had no role in Merrill bonuses
In this article: Bank of America Corp., Ken Lewis, Securities and Exchange Commission, Merrill Lynch, United States, and Legal advice
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Description from Wikipedia:
200px|thumb|[[Bank of America Corporate Center, located in the center of uptown Charlotte, North Carolina.]]
Bank of America Corporation (NYSE: BAC), based in Charlotte, North Carolina is one of the largest financial services companies, largest bank by assets, largest commercial bank by deposits and is the second largest by market capitalization in the United States. The company holds 12.2% of all U.S. deposits. Also, Bank of America is the number one underwriter of global high yield debt, the third largest underwriter of global equity and the ninth largest adviser on global mergers and acquisitions.
Bank of America serves clients in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a component of the Dow Jones Industrial Average (DJIA) and a member of the Federal Deposit Insurance Corporation (FDIC).
The Bank, at one point considered one of the winners and healthiest survivors of the 2007 credit crisis, plunged in market value due in part to massive losses caused by its purchase of Merrill Lynch. Its Q1 2009 profit was 4.2 billion with 3.7 billion having come from Merrill Lynch.
- Name:
- Bank of America Corporation
- Type:
- Public
- Location:
- Charlotte, North Carolina
- Region:
- Worldwide
- Founded:
- Bank of Italy (1904)
- Stock Symbol:
- BAC
- Industry:
- Banking
- Financial services
- Investment services
- Key People:
- Products:
-
- Investment Management
- Credit Cards
- Corporate Banking
- Consumer Banking
- Private Equity
- Finance and insurance
- Global Wealth Management
- Investment Banking
- Mortgage
- Revenue:
- US$113.10 billion (2008)
- Net Income:
- US$ 4.00 billion (2008)
- Assets:
- US$2.25 trillion (July '09)
- Equity:
- US$177.052 billion
- No. of Employees:
- 171,587 (February 2009)
- Motto:
- Bank of Opportunity
- Market Cap:
- US$115.67 billion (July '09)
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